In 2024, Argentina remains the dominant player in global soybean oil exports with a significant 36.78% market share, followed by Brazil at 12% and the United States at 9.91%. Other notable exporters include Paraguay (6.02%), Netherlands (5.76%), and Russia (5.33%). Noteworthy changes over the past year show robust growth in countries like Mexico (5.51%) and Kazakhstan (5.59%), while Vietnam experienced a substantial decline of 17.15%. The broader five-year CAGR indicates overall stable increases, particularly in emerging markets, suggesting shifts in global trade dynamics.
Future trends to watch for include potential shifts driven by geopolitical developments, evolving trade policies, and climatic impacts on crop yields. The continuous development of export infrastructure and advancements in agricultural technology could further alter the competitive landscape among top exporters.
Top countries in Soybean Oil Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 36.78 | 2023 | -0.16% | +1.68% | View data |
| 2 | 2 Brazil | 12 | 2023 | +0.35% | +0.099% | View data |
| 3 | 3 United States | 9.91 | 2023 | +1.38% | +1.24% | View data |
| 4 | 4 Paraguay | 6.02 | 2023 | +0.56% | +0.63% | View data |
| 5 | 5 Netherlands | 5.76 | 2023 | +2.86% | +2.59% | View data |
| 6 | 6 Russia | 5.33 | 2023 | +2.6% | +2.3% | View data |
| 7 | 7 Bolivia | 2.95 | 2023 | -0.28% | -1.42% | View data |
| 8 | 8 Spain | 2.48 | 2023 | -2.97% | -4.02% | View data |
| 9 | 9 China | 2.2 | 2023 | +3.57% | +1.19% | View data |
| 10 | 10 Ukraine | 1.97 | 2023 | +2.63% | +1.71% | View data |
